Bank of America Strategist Says 70% of Bear Market Signposts Have Been Triggered

Bank of America strategist Savita Subramanian said 70% of the firm’s bear market signposts have been triggered, adding that these gauges have typically preceded a peak in the S&P 500. According to NS3.AI, Subramanian described the signals as warning indicators that have historically appeared ahead of major market tops. Separately, Morgan Stanley CIO Mike Wilson said a market correction could be healthy if the bull market extends into year-end.